The Sask K of C Vocations Endowment is established as a means of supporting a holistic sustainable approach to meeting the increasing need for leaders within our Church. The initial funding and growth of the Endowment will be achieved through a long-term partnership between the Saskatchewan RC Dioceses and Eparchy, Sask Knights of Columbus and the Sask K of C Charitable Foundation.
An equal annual contribution will be made to each Seminarian from the Archdioceses, Dioceses and Eparchy within Saskatchewan. The amount of the contribution will be determined by the earnings realized from the Endowment over the prior fiscal year.
The Sask K of C Charitable Foundation has made a commitment to ensure that each Seminarian will receive a minimum of $1,000.00 each year.
It is understood that the initial mandate of the Sask K of C Vocations Endowment is to support Seminarian education and development. There is also an expectation that the Endowment will grow and eventually have adequate earnings to expand the support to include the Permanent Deaconate and other religious.